Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/24533 
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dc.contributor.authorKlump, Raineren
dc.contributor.authorSaam, Marianneen
dc.date.accessioned2009-02-16T14:57:10Z-
dc.date.available2009-02-16T14:57:10Z-
dc.date.issued2006-
dc.identifier.urihttp://hdl.handle.net/10419/24533-
dc.description.abstractNormalising CES production functions in the calibration of basic dynamic models allows to choose technology parameters in an economically plausible way. When variations in the elasticity of substitution are considered, normalisation is necessary in order to exclude arbitrary effects. As an illustration, the effect of the elasticity of substitution on the speed of convergence in the Ramsey model is computed with different normalisations.en
dc.language.isoengen
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheimen
dc.relation.ispartofseries|aZEW Discussion Papers |x06-078en
dc.subject.jelE27en
dc.subject.jelE24en
dc.subject.jelO41en
dc.subject.ddc330en
dc.subject.keywordCES production functionsen
dc.subject.keywordnormalisationen
dc.subject.keywordcalibrationen
dc.subject.keywordRamsey modelen
dc.titleCalibration of normalised CES production functions in dynamic models-
dc.typeWorking Paperen
dc.identifier.ppn521036666en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:zewdip:5471en

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